Sensex rises over 200 points in early trade; Nifty above 14,350

3 weeks ago 12

Mumbai: Equity benchmark Sensex jumped implicit 200 points successful aboriginal commercialized connected Tuesday, tracking gains successful scale majors Reliance Industries, ICICI Bank and HDFC twins amid mostly affirmative cues from Asian peers.

The 30-share BSE index was trading 236.71 points oregon 0.49 per cent higher astatine 48,120.09.

Similarly, the broader NSE Nifty precocious 68.55 points oregon 0.48 per cent to 14,379.35.

ONGC was the apical gainer successful the Sensex pack, rising implicit 3 per cent, followed by M&M, PowerGrid, Bajaj Finance, L&T, ICICI Bank and Bajaj Finserv.

On the different hand, TCS, Tech Mahindra, Infosys, Dr Reddy's and HCL Tech were among the laggards.

In the erstwhile session, Sensex sank 1,707.94 points oregon 3.44 per cent to extremity astatine 47,883.38, and Nifty plunged 524.05 points oregon 3.53 per cent to decorativeness astatine 14,310.80.

Foreign organization investors were nett sellers successful the superior marketplace arsenic they offloaded shares worthy Rs 1,746.43 crore connected Monday, according to provisional speech data.

Domestic equities look to beryllium modestly bully astatine the moment, said Binod Modi Head-Strategy astatine Reliance Securities.

"While a crisp summation successful COVID-19 regular cases successful the state and anticipation of larger economical restrictions has dented investors' sentiments, 4QFY21 net began connected a beardown enactment with TCS delivering beardown net show with encouraging absorption commentaries.

"This should assistance IT stocks to stay successful absorption successful the adjacent term," helium noted.

US equities finished with mean losses overnight up of March ostentation information and quarterly net of cardinal lenders.

Elsewhere successful Asia, bourses successful Hong Kong, Seoul and Tokyo were trading connected a affirmative enactment successful mid-session deals, portion Shanghai was successful the red.

Meanwhile, planetary lipid benchmark Brent crude was trading 0.49 per cent higher astatine USD 63.59 per barrel. 

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